|
|
|
|
|
|
Portfolio of Investments
(Unaudited) |
|
|
|
|
Nuveen New
York Dividend Advantage Municipal Fund (NAN) |
|
|
|
|
June 30,
2010 |
|
|
|
Principal |
|
Optional Call |
|
|
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
|
Consumer Discretionary – 2.8%
(1.9% of Total Investments) |
|
|
|
$ 950 |
New York City Industrial Development Agency, New
York, Liberty Revenue Bonds, |
9/15 at 100.00 |
BB+ |
$ 858,449 |
|
IAC/InterActiveCorp, Series
2005, 5.000%, 9/01/35 |
|
|
|
3,600 |
Seneca Nation of Indians Capital Improvements
Authority, New York, Special Obligation Bonds, |
6/17 at 100.00 |
BB |
2,957,940 |
|
Series 2007A, 5.000%, 12/01/23 |
|
|
|
4,550 |
Total
Consumer Discretionary |
|
|
3,816,389 |
|
Consumer Staples – 2.1% (1.5%
of Total Investments) |
|
|
|
265 |
New York Counties Tobacco Trust II, Tobacco
Settlement Pass-Through Bonds, Series 2001, |
6/11 at 101.00 |
BBB |
251,580 |
|
5.250%, 6/01/25 |
|
|
|
765 |
Puerto Rico, The Children’s Trust Fund, Tobacco
Settlement Asset-Backed Refunding Bonds, |
5/12 at 100.00 |
BBB |
729,626 |
|
Series 2002, 5.375%,
5/15/33 |
|
|
|
200 |
Rensselaer Tobacco Asset Securitization Corporation,
New York, Tobacco Settlement Asset-Backed |
6/12 at 100.00 |
BBB |
188,880 |
|
Bonds, Series 2001A,
5.200%, 6/01/25 |
|
|
|
|
TSASC Inc., New York, Tobacco Asset-Backed Bonds,
Series 2006: |
|
|
|
770 |
4.750%, 6/01/22 |
6/16 at 100.00 |
BBB |
745,984 |
1,125 |
5.000%, 6/01/26 |
6/16 at
100.00 |
BBB |
1,025,674 |
3,125 |
Total
Consumer Staples |
|
|
2,941,744 |
|
Education and Civic
Organizations – 15.3% (10.5% of Total Investments) |
|
|
|
380 |
Albany Industrial Development Agency, New York,
Revenue Bonds, Albany Law School, Series |
7/17 at 100.00 |
BBB |
366,594 |
|
2007A, 5.000%,
7/01/31 |
|
|
|
160 |
Albany Industrial Development Agency, New York,
Revenue Bonds, Brighter Choice Charter |
4/17 at 100.00 |
N/R |
135,246 |
|
Schools, Series 2007A,
5.000%, 4/01/37 |
|
|
|
1,725 |
Brooklyn Areba Local Development Corporation, New
York, Payment in Lieu of Taxes Revenue |
No Opt. Call |
BBB– |
1,791,068 |
|
Bonds, Barclays Center
Project, Series 2009, 6.250%, 7/15/40 |
|
|
|
120 |
Cattaraugus County Industrial Development Agency,
New York, Revenue Bonds, St. Bonaventure |
5/16 at 100.00 |
BBB– |
117,434 |
|
University, Series 2006,
5.000%, 5/01/23 |
|
|
|
1,635 |
Dormitory Authority of the State of New York,
General Revenue Bonds, Manhattan College, Series |
7/17 at 100.00 |
N/R |
1,509,448 |
|
2007A, 5.000%, 7/01/41 –
RAAI Insured |
|
|
|
1,000 |
Dormitory Authority of the State of New York, Lease
Revenue Bonds, State University Dormitory |
No Opt. Call |
Aa2 |
1,110,640 |
|
Facilities, Series 2003B,
5.250%, 7/01/32 (Mandatory put 7/01/13) – SYNCORA GTY Insured |
|
|
|
705 |
Dormitory Authority of the State of New York, Lease
Revenue Bonds, State University Dormitory |
7/15 at 100.00 |
Aa2 |
714,017 |
|
Facilities, Series 2004A,
5.000%, 7/01/29 – NPFG Insured |
|
|
|
195 |
Dormitory Authority of the State of New York,
Revenue Bonds, Fashion Institute of Technology, |
7/10 at 101.00 |
AAA |
197,679 |
|
Series 2000, 5.375%,
7/01/20 – AGM Insured |
|
|
|
1,630 |
Dutchess County Industrial Development Agency, New
York, Civic Facility Revenue Bonds, Bard |
8/17 at 100.00 |
Baa1 |
1,385,549 |
|
College Project, Series
2007-A2, 4.500%, 8/01/36 |
|
|
|
370 |
Hempstead Town Industrial Development Agency, New
York, Revenue Bonds, Adelphi University, |
10/15 at 100.00 |
A |
373,030 |
|
Civic Facility Project,
Series 2005, 5.000%, 10/01/35 |
|
|
|
250 |
Hempstead Town Local Development Corporation, New
York, Revenue Bonds, Adelphi University |
2/19 at 100.00 |
A |
260,150 |
|
Project, Series 2009B,
5.250%, 2/01/39 |
|
|
|
1,085 |
Hempstead Town Local Development Corporation, New
York, Revenue Bonds, Molloy College Project, |
7/19 at 100.00 |
BBB+ |
1,141,008 |
|
Series 2009, 5.750%,
7/01/39 |
|
|
|
3,070 |
Monroe County Industrial Development Agency, New
York, Civic Facility Revenue Bonds, St. John |
12/10 at 101.00 |
N/R |
3,075,158 |
|
Fisher College, Series
1999, 5.375%, 6/01/24 – RAAI Insured |
|
|
|
330 |
New York City Industrial Development Agency, New
York, Civic Facility Revenue Bonds, St. |
10/14 at 100.00 |
A– |
320,051 |
|
Francis College, Series
2004, 5.000%, 10/01/34 |
|
|
|
1,800 |
New York City Industrial Development Agency, New
York, Civic Facility Revenue Bonds, YMCA of |
2/11 at 100.00 |
A– |
1,809,414 |
|
Greater New York, Series
2002, 5.250%, 8/01/21 |
|
|
|
|
New York City Industrial Development Agency, New
York, PILOT Revenue Bonds, Queens Baseball |
|
|
|
|
Stadium Project, Series 2006: |
|
|
|
160 |
5.000%, 1/01/36 – AMBAC
Insured |
1/17 at 100.00 |
BB+ |
142,482 |
1,000 |
5.000%, 1/01/39 – AMBAC
Insured |
1/17 at 100.00 |
BB+ |
882,790 |
1,630 |
4.750%, 1/01/42 – AMBAC
Insured |
1/17 at 100.00 |
BB+ |
1,377,448 |
2,240 |
New York City Industrial Development Authority, New
York, PILOT Revenue Bonds, Yankee Stadium |
9/16 at 100.00 |
BBB– |
1,973,306 |
|
Project, Series 2006,
4.500%, 3/01/39 – FGIC Insured |
|
|
|
1,500 |
Niagara County Industrial Development Agency, New
York, Civic Facility Revenue Bonds, Niagara |
11/11 at 101.00 |
BBB |
1,520,565 |
|
University, Series 2001A,
5.350%, 11/01/23 – RAAI Insured |
|
|
|
245 |
Seneca County Industrial Development Authority, New
York, Revenue Bonds, New York Chiropractic |
10/17 at 100.00 |
BBB |
241,639 |
|
College, Series 2007,
5.000%, 10/01/27 |
|
|
|
400 |
Troy Capital Resource Corporation, New York, Revenue
Bonds, Rensselaer Polytechnic Institute, |
9/20 at 100.00 |
A |
407,756 |
|
Series 2010A, 5.125%, 9/01/40 |
|
|
|
21,630 |
Total
Education and Civic Organizations |
|
|
20,852,472 |
|
Financials – 2.1% (1.5% of
Total Investments) |
|
|
|
1,100 |
Liberty Development Corporation, New York, Goldman
Sachs Headquarter Revenue Bonds, Series |
No Opt. Call |
A1 |
1,111,616 |
|
2005, 5.250%,
10/01/35 |
|
|
|
1,740 |
Liberty Development Corporation, New York, Goldman
Sachs Headquarters Revenue Bonds Series |
No Opt. Call |
A1 |
1,822,232 |
|
2007, 5.500%, 10/01/37 |
|
|
|
2,840 |
Total
Financials |
|
|
2,933,848 |
|
Health Care – 30.7% (21.0% of
Total Investments) |
|
|
|
|
Albany Industrial Development Agency, New York,
Revenue Bonds, Albany Medical Center, |
|
|
|
|
Series 1999: |
|
|
|
1,035 |
6.000%, 5/01/19 |
11/10 at 100.50 |
N/R |
1,035,569 |
1,460 |
6.000%, 5/01/29 |
11/10 at 100.50 |
N/R |
1,351,975 |
1,880 |
Dormitory Authority of the State of New York,
FHA-Insured Mortgage Hospital Revenue Bonds, |
8/10 at 100.50 |
A |
1,892,502 |
|
Memorial Hospital of
William F. and Gertrude F. Jones Inc., Series 1999, 5.250%, 8/01/19
– |
|
|
|
|
NPFG Insured |
|
|
|
4,825 |
Dormitory Authority of the State of New York,
FHA-Insured Mortgage Hospital Revenue Bonds, |
8/10 at 100.50 |
N/R |
4,877,544 |
|
Montefiore Medical Center,
Series 1999, 5.450%, 8/01/29 – AMBAC Insured |
|
|
|
625 |
Dormitory Authority of the State of New York,
FHA-Insured Mortgage Revenue Bonds, Montefiore |
2/15 at 100.00 |
A |
636,500 |
|
Hospital, Series 2004,
5.000%, 8/01/29 – FGIC Insured |
|
|
|
3,600 |
Dormitory Authority of the State of New York,
FHA-Insured Revenue Bonds, St. Lukes Roosevelt |
8/15 at 100.00 |
A– |
3,544,848 |
|
Hospital, Series 2005,
4.900%, 8/15/31 |
|
|
|
200 |
Dormitory Authority of the State of New York,
Highland Hospital of Rochester Revenue Bonds, |
7/20 at 100.00 |
A2 |
201,084 |
|
Series 2010, 5.200%,
7/01/32 |
|
|
|
|
Dormitory Authority of the State of New York,
Insured Revenue Bonds, Franciscan Health |
|
|
|
|
Partnership Obligated Group – Frances Shervier Home
and Hospital, Series 1997: |
|
|
|
2,000 |
5.500%, 7/01/17 – RAAI
Insured |
7/10 at 100.00 |
A3 |
2,001,340 |
2,000 |
5.500%, 7/01/27 – RAAI
Insured |
7/10 at 100.00 |
A3 |
1,978,240 |
2,000 |
Dormitory Authority of the State of New York,
Revenue Bonds, Catholic Health Services of Long |
7/10 at 101.00 |
A3 |
2,023,540 |
|
Island Obligated Group –
St. Catherine of Siena Medical Center, Series 2000A, 6.500%,
7/01/20 |
|
|
|
|
Dormitory Authority of the State of New York,
Revenue Bonds, Lenox Hill Hospital Obligated |
|
|
|
|
Group, Series 2001: |
|
|
|
1,165 |
5.375%, 7/01/20 |
7/11 at 101.00 |
Ba1 |
1,166,643 |
500 |
5.500%, 7/01/30 |
7/11 at 101.00 |
Ba1 |
484,675 |
3,150 |
Dormitory Authority of the State of New York,
Revenue Bonds, Memorial Sloan Kettering Cancer |
7/16 at 100.00 |
AA |
3,235,365 |
|
Center, Series 2006,
5.000%, 7/01/35 (UB) |
|
|
|
1,410 |
Dormitory Authority of the State of New York,
Revenue Bonds, New York and Presbyterian |
8/14 at 100.00 |
AAA |
1,544,627 |
|
Hospital, Series 2004A,
5.250%, 8/15/15 – AGM Insured |
|
|
|
1,000 |
Dormitory Authority of the State of New York,
Revenue Bonds, North Shore Long Island Jewish |
11/16 at 100.00 |
Baa1 |
995,750 |
|
Obligated Group, Series
2005A, 5.000%, 11/01/34 |
|
|
|
2,000 |
Dormitory Authority of the State of New York,
Revenue Bonds, NYU Hospitals Center, Series |
7/17 at 100.00 |
BBB |
2,061,180 |
|
2007B, 5.625%,
7/01/37 |
|
|
|
500 |
Dormitory Authority of the State of New York,
Revenue Bonds, South Nassau Communities |
7/13 at 100.00 |
Baa1 |
509,330 |
|
Hospital, Series 2003B,
5.500%, 7/01/23 |
|
|
|
600 |
Dormitory Authority of the State of New York,
Revenue Bonds, Winthrop-South Nassau University |
7/13 at 100.00 |
Baa1 |
600,162 |
|
Hospital Association,
Series 2003A, 5.500%, 7/01/32 |
|
|
|
420 |
Livingston County Industrial Development Agency, New
York, Civic Facility Revenue Bonds, |
7/10 at 100.00 |
BB |
389,168 |
|
Nicholas H. Noyes Hospital,
Series 2005, 6.000%, 7/01/30 |
|
|
|
|
Madison County Industrial Development Agency, New
York, Civic Facility Revenue Bonds, Oneida |
|
|
|
|
Health System, Series 2007A: |
|
|
|
410 |
5.250%, 2/01/27 |
No Opt. Call |
BBB– |
366,843 |
360 |
5.500%, 2/01/32 |
No Opt. Call |
BBB– |
325,854 |
1,750 |
New York City Health and Hospitals Corporation, New
York, Health System Revenue Bonds, Series |
2/13 at 100.00 |
Aa3 |
1,846,355 |
|
2003A, 5.250%, 2/15/22 –
AMBAC Insured |
|
|
|
555 |
New York City Industrial Development Agency, New
York, Civic Facility Revenue Bonds, Staten |
7/12 at 100.00 |
Baa3 |
558,768 |
|
Island University Hospital,
Series 2001B, 6.375%, 7/01/31 |
|
|
|
100 |
New York City Industrial Development Agency, New
York, Civic Facility Revenue Bonds, Staten |
7/12 at 101.00 |
Baa3 |
101,368 |
|
Island University Hospital,
Series 2002C, 6.450%, 7/01/32 |
|
|
|
4,000 |
Ulster County Industrial Development Agency, New
York, Civic Facility Revenue Bonds, Kingston |
11/10 at 100.50 |
A2 |
4,044,240 |
|
Hospital, Series 1999,
5.650%, 11/15/24 |
|
|
|
2,980 |
Yates County Industrial Development Agency, New
York, FHA-Insured Civic Facility Mortgage |
8/10 at 100.50 |
AAA |
3,195,722 |
|
Revenue Bonds, Soldiers and
Sailors Memorial Hospital, Series 1999A, 5.650%, 2/01/39 |
|
|
|
950 |
Yonkers Industrial Development Agency, New York,
Revenue Bonds, St. John’s Riverside Hospital, |
7/11 at 101.00 |
B– |
945,697 |
|
Series 2001A, 7.125%, 7/01/31 |
|
|
|
41,475 |
Total
Health Care |
|
|
41,914,889 |
|
Housing/Multifamily – 13.0%
(8.9% of Total Investments) |
|
|
|
|
Kenmore Housing Authority, New York, Revenue Bonds,
State University of New York at Buffalo |
|
|
|
|
Student Apartment Project, Series 1999A: |
|
|
|
3,050 |
5.500%, 8/01/19 – RAAI
Insured |
8/10 at 101.00 |
A3 |
3,094,042 |
2,750 |
5.500%, 8/01/24 – RAAI
Insured |
8/10 at 101.00 |
A3 |
2,789,710 |
2,585 |
New York City Housing Development Corporation, New
York, Capital Fund Program Revenue Bonds, |
7/15 at 100.00 |
AA+ |
2,704,737 |
|
Series 2005A, 5.000%,
7/01/25 – NPFG Insured (UB) |
|
|
|
3,000 |
New York City Housing Development Corporation, New
York, Multifamily Housing Revenue Bonds, |
5/11 at 101.00 |
AA |
3,038,910 |
|
Series 2001A, 5.500%,
11/01/31 |
|
|
|
750 |
New York City Housing Development Corporation, New
York, Multifamily Housing Revenue Bonds, |
5/14 at 100.00 |
AA |
767,183 |
|
Series 2004A, 5.250%,
11/01/30 |
|
|
|
4,000 |
New York City Housing Development Corporation, New
York, Multifamily Housing Revenue Bonds, |
5/19 at 100.00 |
AA |
4,016,920 |
|
Series 2009J, 4.800%,
5/01/36 |
|
|
|
290 |
New York City Housing Development Corporation, New
York, Multifamily Housing Revenue Bonds, |
5/20 at 100.00 |
AA |
291,322 |
|
Series 2010-D1A, 5.000%,
11/01/42 |
|
|
|
600 |
New York State Housing Finance Agency, Affordable
Housing Revenue Bonds, Series 2009B, |
5/19 at 100.00 |
Aa2 |
599,196 |
|
4.500%, 11/01/29 |
|
|
|
405 |
New York State Housing Finance Agency, Affordable
Housing Revenue, Series 2007A, 5.250%, |
11/17 at 100.00 |
Aa2 |
407,418 |
|
11/01/38 (Alternative Minimum Tax) |
|
|
|
17,430 |
Total
Housing/Multifamily |
|
|
17,709,438 |
|
Housing/Single Family – 3.9%
(2.6% of Total Investments) |
|
|
|
645 |
Guam Housing Corporation, Mortgage-Backed Securities
Program Single Family Mortgage Revenue |
No Opt. Call |
AAA |
710,371 |
|
Bonds, Series 1998A,
5.750%, 9/01/31 (Alternative Minimum Tax) |
|
|
|
485 |
New York State Mortgage Agency, Homeowner Mortgage
Revenue Bonds, 2007 Series 145, 5.125%, |
4/17 at 100.00 |
Aa1 |
487,294 |
|
10/01/37 (Alternative
Minimum Tax) |
|
|
|
1,350 |
New York State Mortgage Agency, Homeowner Mortgage
Revenue Bonds, Series 130, 4.650%, |
4/15 at 100.00 |
Aa1 |
1,316,156 |
|
4/01/27 (Alternative
Minimum Tax) |
|
|
|
510 |
New York State Mortgage Agency, Homeowner Mortgage
Revenue Bonds, Series 148, 2007, 5.200%, |
10/17 at 100.00 |
Aa1 |
517,028 |
|
10/01/32 (Alternative
Minimum Tax) |
|
|
|
1,390 |
New York State Mortgage Agency, Homeowner Mortgage
Revenue Bonds, Series 82, 5.650%, |
10/10 at 100.00 |
Aa1 |
1,390,695 |
|
4/01/30 (Alternative
Minimum Tax) |
|
|
|
840 |
New York State Mortgage Agency, Mortgage Revenue
Bonds, Thirty-Third Series A, 4.750%, 4/01/23 |
4/13 at 101.00 |
Aaa |
848,123 |
|
(Alternative Minimum Tax) |
|
|
|
5,220 |
Total
Housing/Single Family |
|
|
5,269,667 |
|
Long-Term Care – 5.6% (3.8% of
Total Investments) |
|
|
|
2,000 |
Dormitory Authority of the State of New York,
FHA-Insured Nursing Home Mortgage Revenue Bonds, |
2/15 at 100.00 |
AA |
2,022,980 |
|
Gurwin Jewish Geriatric
Center of Long Island, Series 2005A, 4.900%, 2/15/41 |
|
|
|
600 |
Dormitory Authority of the State of New York, GNMA
Collateralized Revenue Bonds, Cabrini of |
2/17 at 103.00 |
A– |
607,308 |
|
Westchester Project, Series
2006, 5.200%, 2/15/41 |
|
|
|
375 |
Dormitory Authority of the State of New York,
Non-State Supported Debt, Ozanam Hall of Queens |
11/16 at 100.00 |
A1 |
365,374 |
|
Nursing Home Revenue Bonds,
Series 2006, 5.000%, 11/01/31 |
|
|
|
250 |
Dormitory Authority of the State of New York,
Revenue Bonds, Providence Rest, Series 2005, |
7/15 at 100.00 |
N/R |
164,945 |
|
5.000%, 7/01/35 – ACA
Insured |
|
|
|
905 |
East Rochester Housing Authority, New York, Senior
Living Revenue Bonds, Woodland Village |
8/16 at 101.00 |
N/R |
768,879 |
|
Project, Series 2006,
5.500%, 8/01/33 |
|
|
|
750 |
New York City Industrial Development Agency, New
York, Civic Facility Revenue Bonds, Special |
7/11 at 101.00 |
N/R |
763,973 |
|
Needs Facilities Pooled
Program, Series 2001A-1, 7.250%, 7/01/16 |
|
|
|
|
New York City Industrial Development Agency, New
York, Civic Facility Revenue Bonds, Special |
|
|
|
|
Needs Facilities Pooled Program, Series
2008A-1: |
|
|
|
1,140 |
5.500%, 7/01/18 |
7/16 at 101.00 |
N/R |
1,052,254 |
635 |
5.800%, 7/01/23 |
7/16 at 101.00 |
N/R |
571,691 |
1,330 |
Yonkers Industrial Development Agency, New York,
FHA-Insured Mortgage Revenue Bonds, Michael |
8/10 at 100.50 |
A |
1,337,701 |
|
Malotz Skilled Nursing Pavilion, Series 1999, 5.450%, 2/01/29 –
NPFG Insured |
|
|
|
7,985 |
Total
Long-Term Care |
|
|
7,655,105 |
|
Materials – 0.2% (0.2% of Total
Investments) |
|
|
|
330 |
Jefferson County Industrial Development Agency, New
York, Solid Waste Disposal Revenue Bonds, |
12/13 at 100.00 |
BBB |
327,891 |
|
International Paper Company Project, Series 2003A, 5.200%,
12/01/20 (Alternative Minimum Tax) |
|
|
|
|
Tax
Obligation/General – 11.8% (8.0% of Total Investments) |
|
|
|
2,000 |
New York City, New York, General Obligation Bonds,
Fiscal 2010 Series C, 5.000%, 8/01/23 |
8/19 at 100.00 |
AA |
2,208,760 |
3,700 |
New York City, New York, General Obligation Bonds,
Fiscal Series 2007A, 5.000%, 8/01/25 |
8/16 at 100.00 |
AA |
3,932,101 |
1,000 |
New York City, New York, General Obligation Bonds,
Series 2004C-1, 5.250%, 8/15/16 (UB) |
8/14 at 100.00 |
AA |
1,125,040 |
6,590 |
New York City, New York, General Obligation Bonds,
Series 2007D-1, 5.250%, 12/01/25 (UB) |
12/17 at 100.00 |
AA |
7,118,782 |
|
Rochester, New York, General Obligation Bonds,
Series 1999: |
|
|
|
720 |
5.250%, 10/01/18 – NPFG
Insured |
No Opt. Call |
Aa3 |
834,480 |
720 |
5.250%, 10/01/19 – NPFG Insured |
No Opt.
Call |
Aa3 |
833,926 |
14,730 |
Total Tax
Obligation/General |
|
|
16,053,089 |
|
Tax
Obligation/Limited – 31.3% (21.4% of Total Investments) |
|
|
|
1,000 |
Battery Park City Authority, New York, Senior
Revenue Bonds, Series 2003A, 5.250%, 11/01/21 |
11/13 at 100.00 |
AAA |
1,115,540 |
590 |
Dormitory Authority of the State of New York,
Department of Health Revenue Bonds, Series |
7/15 at 100.00 |
AA– |
616,609 |
|
2005A, 5.250%, 7/01/24 –
CIFG Insured |
|
|
|
1,850 |
Dormitory Authority of the State of New York,
Secured Hospital Revenue Refunding Bonds, |
8/10 at 100.00 |
AA– |
1,851,998 |
|
Wyckoff Heights Medical
Center, Series 1998H, 5.300%, 8/15/21 – NPFG Insured |
|
|
|
185 |
Dormitory Authority of the State of New York, State
Personal Income Tax Revenue Bonds, Series |
3/15 at 100.00 |
AAA |
199,221 |
|
2005F, 5.000%, 3/15/21 –
AGM Insured |
|
|
|
550 |
Erie County Industrial Development Agency, New York,
School Facility Revenue Bonds, Buffalo |
5/14 at 100.00 |
AAA |
584,887 |
|
City School District,
Series 2004, 5.750%, 5/01/26 – AGM Insured (UB) |
|
|
|
|
Metropolitan Transportation Authority, New York,
Dedicated Tax Fund Bonds, Series 2002A: |
|
|
|
2,000 |
5.250%, 11/15/25 – AGM
Insured |
11/12 at 100.00 |
AAA |
2,107,280 |
2,000 |
5.000%, 11/15/30 |
11/12 at 100.00 |
AA |
2,060,800 |
1,000 |
Metropolitan Transportation Authority, New York,
State Service Contract Refunding Bonds, |
7/12 at 100.00 |
AA– |
1,016,440 |
|
Series 2002A, 5.125%,
1/01/29 |
|
|
|
1,130 |
Monroe Newpower Corporation, New York, Power
Facilities Revenue Bonds, Series 2003, |
1/13 at 102.00 |
BBB |
1,058,889 |
|
5.500%, 1/01/34 |
|
|
|
|
New York City Sales Tax Asset Receivable
Corporation, New York, Dedicated Revenue Bonds, Local |
|
|
|
|
Government Assistance Corporation, Series
2004A: |
|
|
|
1,100 |
5.000%, 10/15/25 – NPFG
Insured (UB) |
10/14 at 100.00 |
AAA |
1,185,668 |
810 |
5.000%, 10/15/26 – NPFG
Insured (UB) |
10/14 at 100.00 |
AAA |
871,325 |
2,375 |
5.000%, 10/15/29 – AMBAC
Insured (UB) |
10/14 at 100.00 |
AAA |
2,520,374 |
2,100 |
New York City Transitional Finance Authority, New
York, Building Aid Revenue Bonds, Fiscal |
1/17 at 100.00 |
AA– |
2,198,847 |
|
Series 2007S-2, 5.000%,
1/15/28 – FGIC Insured |
|
|
|
1,670 |
New York City Transitional Finance Authority, New
York, Future Tax Secured Bonds, Fiscal |
2/13 at 100.00 |
AAA |
1,754,051 |
|
Series 2003E, 5.000%,
2/01/23 – FGIC Insured |
|
|
|
2,115 |
New York City Transitional Finance Authority, New
York, Future Tax Secured Bonds, Fiscal |
11/17 at 100.00 |
AAA |
2,280,266 |
|
Series 2007C-1, 5.000%,
11/01/27 |
|
|
|
1,000 |
New York State Environmental Facilities Corporation,
Infrastructure Revenue Bonds, Series |
3/14 at 100.00 |
AA– |
1,049,700 |
|
2003A, 5.000%,
3/15/21 |
|
|
|
2,920 |
New York State Environmental Facilities Corporation,
State Personal Income Tax Revenue Bonds, |
12/17 at 100.00 |
AAA |
3,159,466 |
|
Series 2008A, 5.000%,
12/15/26 (UB) |
|
|
|
1,190 |
New York State Housing Finance Agency, State
Personal Income Tax Revenue Bonds, Economic |
9/15 at 100.00 |
AAA |
1,228,984 |
|
Development and Housing,
Series 2006A, 5.000%, 3/15/36 |
|
|
|
1,000 |
New York State Thruway Authority, Highway and Bridge
Trust Fund Bonds, Second General, Series |
10/15 at 100.00 |
AA |
1,082,680 |
|
2005B, 5.000%, 4/01/21 –
AMBAC Insured |
|
|
|
1,625 |
New York State Thruway Authority, Highway and Bridge
Trust Fund Bonds, Series 2007, |
10/17 at 100.00 |
AA |
1,732,656 |
|
5.000%, 4/01/27 |
|
|
|
3,400 |
New York State Thruway Authority, Highway and Bridge
Trust Fund Bonds, Series 2005B, |
No Opt. Call |
AA |
4,039,540 |
|
5.500%, 4/01/20 – AMBAC
Insured (UB) |
|
|
|
|
New York State Tobacco Settlement Financing
Corporation, Tobacco Settlement Asset-Backed and |
|
|
|
|
State Contingency Contract-Backed Bonds, Series
2003A-1: |
|
|
|
4,000 |
5.250%, 6/01/20 – AMBAC
Insured |
6/13 at 100.00 |
AA– |
4,280,920 |
2,000 |
5.250%, 6/01/22 – AMBAC
Insured |
6/13 at 100.00 |
AA– |
2,116,160 |
1,000 |
New York State Tobacco Settlement Financing
Corporation, Tobacco Settlement Asset-Backed and |
6/13 at 100.00 |
AA– |
1,084,580 |
|
State Contingency
Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21 |
|
|
|
1,330 |
New York State Urban Development Corporation, State
Personal Income Tax Revenue Bonds, Tender |
3/17 at 100.00 |
AAA |
1,491,023 |
|
Option Bond Trust 09-6W, 12.779%, 3/15/37 (IF) |
|
|
|
39,940 |
Total Tax
Obligation/Limited |
|
|
42,687,904 |
|
Transportation – 14.7% (10.1%
of Total Investments) |
|
|
|
310 |
Albany Parking Authority, New York, Revenue Bonds,
Series 2001A, 5.625%, 7/15/25 |
7/11 at 101.00 |
BBB+ |
314,731 |
3,000 |
Metropolitan Transportation Authority, New York,
Transportation Revenue Bonds, Series 2007B, |
11/17 at 100.00 |
A |
3,055,380 |
|
5.000%, 11/15/33 |
|
|
|
1,000 |
Metropolitan Transportation Authority, New York,
Transportation Revenue Refunding Bonds, |
11/12 at 100.00 |
A |
1,036,780 |
|
Series 2002A, 5.125%,
11/15/22 – FGIC Insured |
|
|
|
1,750 |
New York City Industrial Development Agency, New
York, American Airlines-JFK International |
8/16 at 101.00 |
B– |
1,808,835 |
|
Airport Special Facility
Revenue Bonds, Series 2005, 7.750%, 8/01/31 (Alternative Minimum
Tax) |
|
|
|
|
New York City Industrial Development Agency, New
York, Civic Facility Revenue Bonds, Bronx |
|
|
|
|
Parking Development Company, LLC Project, Series
2007: |
|
|
|
200 |
5.750%, 10/01/37 |
10/17 at 100.00 |
N/R |
165,762 |
2,000 |
5.875%, 10/01/46 |
10/17 at 102.00 |
N/R |
1,645,440 |
105 |
New York City Industrial Development Agency, New
York, Special Facilities Revenue Bonds, |
12/10 at 100.00 |
BB– |
78,352 |
|
British Airways PLC, Series
1998, 5.250%, 12/01/32 (Alternative Minimum Tax) |
|
|
|
1,000 |
New York City Industrial Development Agency, New
York, Special Facilities Revenue Bonds, JFK |
8/12 at 101.00 |
B– |
1,035,250 |
|
Airport – American Airlines
Inc., Series 2002B, 8.500%, 8/01/28 (Alternative Minimum Tax) |
|
|
|
900 |
New York City Industrial Development Agency, New
York, Special Facilities Revenue Bonds, |
1/16 at 100.00 |
A3 |
919,242 |
|
Terminal One Group JFK
Project, Series 2005, 5.500%, 1/01/24 (Alternative Minimum Tax) |
|
|
|
|
New York City Industrial Development Authority, New
York, JetBlue,: |
|
|
|
450 |
5.000%, 5/15/20
(Alternative Minimum Tax) |
5/12 at 100.00 |
B– |
382,266 |
1,000 |
5.125%, 5/15/30
(Alternative Minimum Tax) |
5/12 at 100.00 |
B– |
777,980 |
160 |
New York State Thruway Authority, General Revenue
Bonds, Series 2005F, 5.000%, 1/01/30 – |
1/15 at 100.00 |
A+ |
164,408 |
|
AMBAC Insured |
|
|
|
700 |
New York State Thruway Authority, General Revenue
Bonds, Series 2005G, 5.000%, 1/01/30 – |
7/15 at 100.00 |
AAA |
724,072 |
|
AGM Insured (UB) |
|
|
|
500 |
Niagara Frontier Airport Authority, New York,
Airport Revenue Bonds, Buffalo Niagara |
10/10 at 100.50 |
A |
500,920 |
|
International Airport,
Series 1999A, 5.625%, 4/01/29 – NPFG Insured (Alternative Minimum
Tax) |
|
|
|
|
Port Authority of New York and New Jersey,
Consolidated Revenue Bonds, One Hundred Fortieth |
|
|
|
|
Series 2005: |
|
|
|
1,300 |
5.000%, 12/01/28 – SYNCORA
GTY Insured |
6/15 at 101.00 |
Aa2 |
1,383,174 |
615 |
5.000%, 12/01/31 – SYNCORA
GTY Insured |
6/15 at 101.00 |
Aa2 |
648,105 |
440 |
Port Authority of New York and New Jersey,
Consolidated Revenue Bonds, One Hundred Forty |
8/17 at 100.00 |
AAA |
545,864 |
|
Eighth Series 2007, Trust
2920, 17.380%, 8/15/32 – AGM Insured (IF) |
|
|
|
1,000 |
Triborough Bridge and Tunnel Authority, New York,
General Purpose Revenue Bonds, Series 2001A, |
1/12 at 100.00 |
Aa2 |
1,060,760 |
|
5.250%, 1/01/16 |
|
|
|
2,500 |
Triborough Bridge and Tunnel Authority, New York,
General Purpose Revenue Refunding Bonds, |
11/12 at 100.00 |
Aa2 |
2,712,100 |
|
Series 2002B, 5.000%,
11/15/21 |
|
|
|
1,000 |
Triborough Bridge and Tunnel Authority, New York,
Subordinate Lien General Purpose Revenue |
No Opt. Call |
Aa2 |
1,104,680 |
|
Refunding Bonds, Tender Option Bond Trust 1184, 9.021%, 5/15/16
(IF) |
|
|
|
19,930 |
Total
Transportation |
|
|
20,064,101 |
|
U.S. Guaranteed – 2.5% (1.7% of
Total Investments) (4) |
|
|
|
390 |
Albany Parking Authority, New York, Revenue Bonds,
Series 2001A, 5.625%, 7/15/25 |
7/11 at 101.00 |
BBB+ (4) |
416,029 |
|
(Pre-refunded
7/15/11) |
|
|
|
|
Dormitory Authority of the State of New York,
Improvement Revenue Bonds, Mental Health |
|
|
|
|
Services Facilities, Series 2000D: |
|
|
|
25 |
5.875%, 8/15/18
(Pre-refunded 8/15/10) – AGM Insured |
8/10 at 100.00 |
AAA |
25,177 |
10 |
5.875%, 8/15/18
(Pre-refunded 8/15/10) – AGM Insured |
8/10 at 100.00 |
AAA |
10,070 |
535 |
Metropolitan Transportation Authority, New York,
Commuter Facilities Revenue Bonds, Series |
7/10 at 100.00 |
N/R (4) |
536,530 |
|
1997B, 5.000%, 7/01/20 –
AMBAC Insured (ETM) |
|
|
|
255 |
New York City Industrial Development Agency, New
York, Civic Facility Revenue Bonds, Special |
7/10 at 102.00 |
N/R (4) |
260,146 |
|
Needs Facilities Pooled
Program, Series 2000, 8.125%, 7/01/19 (Pre-refunded 7/01/10) |
|
|
|
750 |
Virgin Islands Public Finance Authority, Gross
Receipts Taxes Loan Note, Series 1999A, 6.500%, |
10/10 at 101.00 |
BBB+ (4) |
769,200 |
|
10/01/24 (Pre-refunded
10/01/10) |
|
|
|
1,400 |
Yonkers Industrial Development Agency, New York,
Revenue Bonds, Community Development |
2/11 at 100.00 |
BAA3 (4) |
1,449,532 |
|
Properties – Yonkers Inc. Project, Series 2001A, 6.625%,
2/01/26 (Pre-refunded 2/01/11) |
|
|
|
3,365 |
Total U.S.
Guaranteed |
|
|
3,466,684 |
|
Utilities – 6.5% (4.4% of Total
Investments) |
|
|
|
1,300 |
Chautauqua County Industrial Development Agency, New
York, Exempt Facility Revenue Bonds, |
2/20 at 100.00 |
Baa3 |
1,334,216 |
|
NRG Dunkirk Power Project,
Series 2009, 5.875%, 4/01/42 |
|
|
|
|
Long Island Power Authority, New York, Electric
System General Revenue Bonds, Series 2006A: |
|
|
|
2,500 |
5.000%, 12/01/23 – FGIC
Insured |
6/16 at 100.00 |
A |
2,667,450 |
500 |
5.000%, 12/01/24 – FGIC
Insured |
6/16 at 100.00 |
A |
527,995 |
1,400 |
Nassau County Industrial Development Authority, New
York, Keyspan Glenwood Energy Project, |
6/13 at 100.00 |
A– |
1,414,630 |
|
Series 2003, 5.250%,
6/01/27 (Alternative Minimum Tax) |
|
|
|
250 |
Niagara County Industrial Development Agency, New
York, Solid Waste Disposal Facility Revenue |
11/11 at 101.00 |
Baa2 |
256,725 |
|
Bonds, American Ref-Fuel
Company of Niagara LP, Series 2001C, 5.625%, 11/15/24 (Mandatory
put |
|
|
|
|
11/15/14) (Alternative
Minimum Tax) |
|
|
|
600 |
Niagara County Industrial Development Agency, New
York, Solid Waste Disposal Facility Revenue |
11/11 at 101.00 |
Baa2 |
616,158 |
|
Refunding Bonds, American
Ref-Fuel Company of Niagara LP, Series 2001B, 5.550%, 11/15/24 |
|
|
|
|
(Mandatory put 11/15/13)
(Alternative Minimum Tax) |
|
|
|
2,000 |
Power
Authority of the State of New York, General Revenue Bonds, Series 2000A,
5.250%, 11/15/30 |
11/10 at
100.00 |
Aa2 |
2,008,820 |
8,550 |
Total
Utilities |
|
|
8,825,994 |
|
Water and Sewer – 2.5% (1.7% of
Total Investments) |
|
|
|
1,130 |
New York City Municipal Water Finance Authority, New
York, Water and Sewerage System Revenue |
6/12 at 100.00 |
AAA |
1,224,344 |
|
Bonds, Fiscal Series 2003A,
5.375%, 6/15/19 |
|
|
|
2,000 |
New York City Municipal Water Finance Authority, New
York, Water and Sewerage System Revenue |
6/19 at 100.00 |
AA+ |
2,174,420 |
|
Bonds, Second Generation Resolution, Fiscal 2010 Series 2009BB,
5.000%, 6/15/27 |
|
|
|
3,130 |
Total Water
and Sewer |
|
|
3,398,764 |
$ 194,230 |
Total
Long-Term Investments (cost $194,702,373) – 145.0% (99.2% of Total
Investments) |
|
|
197,917,979 |
|
Short-Term Investments – 1.1%
(0.8% of Total Investments) |
|
|
|
$
1,521 |
State
Street Bank Euro Dollar Time Deposit, 0.010%, 7/01/10 |
N/A |
N/A |
1,520,561 |
|
Total
Short-Term Investments (cost $1,520,561) |
|
|
1,520,561 |
|
Total
Investments (cost $196,222,934) – 146.1% |
|
|
199,438,540 |
|
Floating
Rate Obligations – (12.8)% |
|
|
(17,535,000) |
|
MuniFund
Term Preferred Shares, at Liquidation Value – (22.0)% (5) |
|
|
(30,000,000) |
|
Other
Assets Less Liabilities – 4.7% |
|
|
6,479,257 |
|
Auction
Rate Preferred Shares, at Liquidation Value – (16.0)% (5) |
|
|
(21,900,000) |
|
Net Assets
Applicable to Common Shares – 100% |
|
|
$
136,482,797 |